Heard on the Street: Without a deal with Fiat Chrysler, Renault needs to make its alliance with Nissan work. But its latest move could be counterproductive.
Renault just got dumped by its flashy new suitor. It should be nicer to its longtime partner.
The French car maker on Saturday indicated to Nissan, its alliance partner of 20 years, that it won’t back a proposed governance overhaul in the Japanese company’s shareholder meeting in two weeks’ time. If carried out, this threat would effectively block the changes, which were drafted after Carlos Ghosn, the former chairman of both companies, was arrested for alleged financial misconduct in Japan last November. Nissan on Monday...
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